MIAMI BEACH EDUCATION FOUNDATION INC

EIN: 311735967 501(c)(3) Education

MIAMI BEACH, FL

Total Revenue
$296,822
Total Expenses
$316,517
Total Assets
$323,741
Net Assets
$224,324
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
FL
Principal Officer
BRITTNIE BASSANT
Phone
3056741300
Tax Period
2023-10-01 to 2024-09-30

MIAMI BEACH EDUCATION FOUNDATION INC, founded in 2000, is a small nonprofit in the Education sector that reported $297K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF THE MIAMI BEACH CHAMBER OF COMMERCE'S EDUCATION FOUNDATION IS TO BRING TOGETHER THE STRENGTHS AND RESOURCES OF THE COMMUNITY TO SUPPORT THE NEEDS OF PUBLIC EDUCATION IN MIAMI BEACH. TO STIMULATE GREATER GOVERNMENTAL AND PUBLIC AWARENESS AND APPRECIATION OF THE IMPORTANCE OF PUBLIC EDUCATION IN MIAMI BEACH; TO ENCOURAGE GREATER AND MORE EFFICIENT USE OF GOVERNMENTAL AND PRIVATE RESOURCES FOR THE DEVELOPMENT AND SUPPORT OF PUBLIC EDUCATION IN MIAMI BEACH; TO ENCOURAGE AND SUPPORT PUBLIC EDUCATION IN MIAMI BEACH; TO CREATE AND SUPPORT EDUCATIONAL OPPORTUNITIES FOR RESIDENTS OF MIAMI BEACH.

Program Service Accomplishments

Program 1
Expenses: $111,150

THE MIAMI BEACH CHAMBER EDUCATION FOUNDATION ALSO SPEARHEADED THE SCHOOL HEALTHCARE INITIATIVE TO PROVIDE ON-SITE HEALTHCARE IN THREE MIAMI BEACH FEEDER PATTERN SCHOOLS. THE THREE SCHOOLS - RUTH K...

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THE MIAMI BEACH CHAMBER EDUCATION FOUNDATION ALSO SPEARHEADED THE SCHOOL HEALTHCARE INITIATIVE TO PROVIDE ON-SITE HEALTHCARE IN THREE MIAMI BEACH FEEDER PATTERN SCHOOLS. THE THREE SCHOOLS - RUTH K. BROAD K-8 CENTER, NORTH BEACH ELEMENTARY AND TREASURE ISLAND ELEMENTARY - PREVIOUSLY DID NOT HAVE ACCESS TO MEDICAL ATTENTION, BUT THANKS TO THE EFFORTS OF THE FOUNDATION AND THE UNPRECEDENTED COLLABORATION WITH FIVE MUNICIPALITIES AND MORE THAN A DOZEN ORGANIZATIONS, THEY NOW DO. WITH THE FUNDS RAISED, THE INITIATIVE WAS ABLE TO FULLY IMPLEMENT THE HEALTH CONNECT IN OUR SCHOOLS MODEL, CURRENTLY UTILIZED THROUGHOUT MIAMI-DADE COUNTY PUBLIC SCHOOLS BY CHILDREN'S TRUST, IN THE FEEDER PATTERN SCHOOLS. EACH SCHOOL NOW HAS A NURSE, MEDICAL ASSISTANT AND SOCIAL WORKER ON STAFF.

Program 2
Expenses: $84,976

CURRENT COMPONENTS PROVIDED BY THE MIAMI BEACH CHAMBER'S EDUCATION FOUNDATION INCLUDE A VARIETY OF DONATIONS FOR SCHOLARSHIP FUNDS SUPPORTED BY EVENTS HOSTED THROUGHOUT THE YEAR AS WELL AS...

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CURRENT COMPONENTS PROVIDED BY THE MIAMI BEACH CHAMBER'S EDUCATION FOUNDATION INCLUDE A VARIETY OF DONATIONS FOR SCHOLARSHIP FUNDS SUPPORTED BY EVENTS HOSTED THROUGHOUT THE YEAR AS WELL AS PROGRAMMING TO HELP EDUCATE THE FUTURE LEADERS OF THE COMMUNITY. PROCEEDS HELP FUND PROGRAMMING COSTS FOR THE INTERNATIONAL BACCALAUREATE (IB) PROGRAMS AVAILABLE AT ALL THE PUBLIC SCHOOLS IN THE CITY OF MIAMI BEACH, A UNIQUE SCHOOL SYSTEM IN ITSELF AS THERE IS A FEEDER PATTERN PROGRAM WITH FIVE PUBLIC SCHOOLS ON MIAMI BEACH FEEDING INTO ONE PUBLIC HIGH SCHOOL. THE IB PROGRAM HELPS DEVELOP THE INTELLECTUAL, PERSONAL, EMOTIONAL, AND SOCIAL SKILLS OF STUDENTS FROM AGE 3 TO 19 TO LIVE, LEARN, AND WORK IN A RAPIDLY GLOBALIZING WORLD. IN ADDITION TO THIS PROGRAM, THE EDUCATION FOUNDATION IS ABLE TO PROVIDE SCHOLARSHIPS AT THE END OF EACH SCHOOL YEAR TO GRADUATING SENIORS AT MIAMI BEACH SENIOR HIGH SCHOOL.

Program 3
Expenses: $118,653 Revenue: $70,000

THE FOUNDATION RECEIVES STATE AND LOCAL FUNDING TO SUPPORT AND PROVIDE KITCHEN EQUIPMENT FOR THE FLORIDA PROSTART KITCHEN PROGRAM AT MIAMI BEACH SENIOR HIGH SCHOOL. PROSTART WAS CREATED TO INTRODUCE...

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THE FOUNDATION RECEIVES STATE AND LOCAL FUNDING TO SUPPORT AND PROVIDE KITCHEN EQUIPMENT FOR THE FLORIDA PROSTART KITCHEN PROGRAM AT MIAMI BEACH SENIOR HIGH SCHOOL. PROSTART WAS CREATED TO INTRODUCE AND INTEREST HIGH SCHOOL STUDENTS TO THE GROWING FOOD SERVICE INDUSTRY AND THE SHORTAGE OF FOOD SERVICE EMPLOYEES. PROSTART CURRICULUM PROVIDES STUDENTS WITH THE OPPORTUNITY TO LEARN AND DEVELOP SKILLS FOR A FUTURE CAREER IN THE FOOD SERVICE INDUSTRY. BY PROVIDING KITCHEN EQUIPMENT FOR THIS PROGRAM, THE FOUNDATION IS SUPPORTING THE DEVELOPMENT OF FUTURE FOOD SERVICES INDUSTRY LEADERS WITH REAL-WORLD EXPERIENCE IN THE CLASSROOM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $296,822
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $296,822

Expense Breakdown

Grants Paid $289,503
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $314,779
Other Expenses $27,014
TOTAL EXPENSES $316,517

Year-over-Year Comparison

2023 2022 Change
Revenue $296,822 $394,061 -0.2%
Expenses $316,517 $282,585 +0.1%
Net Income $-19,695 $111,476 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
71
Independent Members
71
Employees
N/A
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$52,923
Total Directors
71
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD SEGAL CHAIR-ELECT 0.10
Officer Director
$0 $0 $0
SEUTH FEUER VICE CHAIR 0.10
Officer Director
$0 $0 $0
ALFREDO J GONZALEZ VICE CHAIR 0.10
Officer Director
$0 $0 $0
LINSEY LOVELL VICE CHAIR 0.10
Officer Director
$0 $0 $0
STEVEN KREINIK TREASURER 0.10
Officer Director
$0 $0 $0
AARON RESNICK ESQ BOARD MEMBER 0.10
Director
$0 $0 $0
ALEX SPILLIS BOARD MEMBER 0.10
Director
$0 $0 $0
ANA CECILIA VELASCO BOARD MEMBER 0.10
Director
$0 $0 $0
ANDRES ASION BOARD MEMBER 0.10
Director
$0 $0 $0
ANTHONY NOBOA BOARD MEMBER 0.10
Director
$0 $0 $0
ARATHI RAMAPPA EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
ARON U RASKAS EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
BRENT LATHAM BOARD MEMBER 0.10
Director
$0 $0 $0
BRETTON HUNCHAK BOARD MEMBER 0.10
Director
$0 $0 $0
BRUCE GOULD EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
BRUCE SIEGEL BOARD MEMBER 0.10
Director
$0 $0 $0
CALVIN KOHLI BOARD MEMBER 0.10
Director
$0 $0 $0
CECILIA TORRES-TOLEDO BOARD MEMBER 0.10
Director
$0 $0 $0
CHIEF WAYNE JONES EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
CHRIS ROLLINS EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
COLE BOUCHER BOARD MEMBER 0.10
Director
$0 $0 $0
COMMISSIONER ALEX FERNANDEZ BOARD MEMBER 0.10
Director
$0 $0 $0
DANIELLE D'ALESSANDRO BOARD MEMBER 0.10
Director
$0 $0 $0
DAVID GRUTMAN BOARD MEMBER 0.10
Director
$0 $0 $0
DAVID MARTIN BOARD MEMBER 0.10
Director
$0 $0 $0
DAVID WHITAKER BOARD MEMBER 0.10
Director
$0 $0 $0
DON PEEBLES BOARD MEMBER 0.10
Director
$0 $0 $0
EMILY SHERMAN BOARD MEMBER 0.10
Director
$0 $0 $0
ERIC SEGRETI BOARD MEMBER 0.10
Director
$0 $0 $0
ERIN DOWD BOARD MEMBER 0.10
Director
$0 $0 $0
EVA DIAS BOARD MEMBER 0.10
Director
$0 $0 $0
FRED BEAN EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
FREDDIE PETERSON EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
GEORGE MOHAMA BOARD MEMBER 0.10
Director
$0 $0 $0
GUS DOYLE BOARD MEMBER 0.10
Director
$0 $0 $0
JAMIL DIB BOARD MEMBER 0.10
Director
$0 $0 $0
JAMIL DIB ADDITIONAL REP ELBA MACHA BOARD MEMBER 0.10
Director
$0 $0 $0
JASON INASI BOARD MEMBER 0.10
Director
$0 $0 $0
JAY P PARKER ESQ BOARD MEMBER 0.10
Director
$0 $0 $0
JEEVAN TILLIT EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
JIMMY ROCCO BOUCHER BOARD MEMBER 0.10
Director
$0 $0 $0
JOE HRBEK BOARD MEMBER 0.10
Director
$0 $0 $0
JOHN STUART EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
JORGE GONZALEZ BOARD MEMBER 0.10
Director
$0 $0 $0
JORGE J GONZALEZ BOARD MEMBER 0.10
Director
$0 $0 $0
JUNE HENDERSON BOARD MEMBER 0.10
Director
$0 $0 $0
KENNETH WRIGHT BOARD MEMBER 0.10
Director
$0 $0 $0
LYLE STERN EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
MADELEINE ROMANELLO EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
MARISA GALBUT BOARD MEMBER 0.10
Director
$0 $0 $0
MARK J GEMIGNANI EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
MATIS N COHEN EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
MAX SKLAR BOARD MEMBER 0.10
Director
$0 $0 $0
MEHDI KHACHANI BOARD MEMBER 0.10
Director
$0 $0 $0
MICHAEL C GRIECO BOARD MEMBER 0.10
Director
$0 $0 $0
MICHAEL S GOLDBERG EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
MICHAEL W LARKIN BOARD MEMBER 0.10
Director
$0 $0 $0
MUTLUHAN KUCUK BOARD MEMBER 0.10
Director
$0 $0 $0
OMAR BAR-SADEH BOARD MEMBER 0.10
Director
$0 $0 $0
PATRICIO FERNANDEZ BOARD MEMBER 0.10
Director
$0 $0 $0
PAUL M LOWENTHAL EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
PEGGY BENUA BOARD MEMBER 0.10
Director
$0 $0 $0
PETER KANAVOS BOARD MEMBER 0.10
Director
$0 $0 $0
REINALDO BORGES EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
RICHARD POTOTSKY EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
ROBIN JACOBS EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
SANDOR SCHER BOARD MEMBER 0.10
Director
$0 $0 $0
SHEILA DUFFY-LEHRMAN BOARD MEMBER 0.10
Director
$0 $0 $0
SUZANNE BECKMANN BOARD MEMBER 0.10
Director
$0 $0 $0
THAIS A ASPER BOARD MEMBER 0.10
Director
$0 $0 $0
WAYNE PATHMAN EXBOG BOARD MEMBER 0.10
Director
$0 $0 $0
BRITTNIE R BASSANT PRESIDENT/CEO 0.10
Officer
$0 $0 $52,923
JEROME E LIBBIN FORMER PRESIDENT/CEO 0.10
$0 $2,164 $232,973
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $296,822 $316,517 $323,741 $-19,695
2023 $394,061 $282,585 $244,019 $111,476
2022 $191,230 $151,789 $243,108 $39,441
2020 $148,899 $228,285 $85,212 $-79,386
2019 $210,949 $167,375 $164,598 $43,574
2018 $174,954 $148,960 $219,632 $25,994
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